Nexa Resources Q4 2024: Diverging Views on Aripuana Production, Dividend Strategies, and Copper Acquisition

These are the key contradictions discussed in Nexa Resources' latest 2024Q4 earnings call, specifically including: Aripuana plant's capacity and production expectations, dividend policy criteria, Cerro Pasco integration project CapEx and disbursement pace, and copper acquisition as a strategic focus:



Record Financial Performance:
- Nexa Resources reported a record adjusted EBITDA of $197 million for Q4 2024, up 79% year-over-year, and a total of $714 million for the full year, marking the second highest in its history.
- This was driven by higher by-product contributions, increased metal sales volumes, higher zinc prices, and foreign exchange gains.

Operational Improvements and Cost Control:
- Cas